Hot Pursuit     15-Mar-23
Paras Defence gains on inking pact with Israel based-CONTROP
Paras Defence and Space Technologies rose 2.82% to Rs 494.05 after the firm said that it has entered into MoU with CONTROP Precision Technologies, to create new opportunities and expand both parties' business in the Indian and Global Defence sector.
CONTROP Precision Technologies (CONTROP) is a privately owned company that specializes in the development and production of electro-optical and precision motion control systems for surveillance, defense and homeland security applications.

To support the memorandum of understanding (MoU) objectives, the company and Israel based-CONTROP intend to form a joint venture company (JV) in India for manufacturing electro-optic systems for various applications.

Paras Defence and Space Technologies offers high precision products and turnkey solutions to the defense and space sector, operating in three main verticals – defence and space optics, defence electronics solutions, and heavy engineering.

The company's consolidated net profit rose 27.25% to Rs 9.76 crore on a 31.09% increase in sales to Rs 60.88 crore in Q3 FY23 over Q3 FY22.

Previous News
  Paras Defence & Space Techs. to convene AGM
 ( Corporate News - 07-Sep-22   11:03 )
  Paras Defence rises as board OKs raising Rs 200 cr via QIP issue
 ( Hot Pursuit - 27-Aug-24   15:47 )
  Paras Defence and Space Technologies consolidated net profit rises 147.09% in the June 2024 quarter
 ( Results - Announcements 05-Aug-24   15:42 )
  Paras Defence bags contract worth Rs 64 cr from CSIR-National Aerospace Laboratories, Bengaluru
 ( Corporate News - 21-Mar-23   15:11 )
  Paras Defence and Space Technologies consolidated net profit declines 7.34% in the March 2024 quarter
 ( Results - Announcements 25-May-24   16:49 )
  Paras Defence and Space Technologies gains after entering into teaming agreement with ELDIS Pardubice
 ( Hot Pursuit - 07-Sep-22   09:27 )
  Paras Defence bags order worth Rs 64 cr from CSIR
 ( Hot Pursuit - 20-Mar-23   11:00 )
  Paras Aerospace receives order worth Rs 42 cr
 ( Corporate News - 03-Jul-23   09:16 )
  Paras Defence spurts as Q1 PAT zooms to Rs 15 cr
 ( Hot Pursuit - 05-Aug-24   15:06 )
  Paras Defence & Space Techs. to declare Quarterly Result
 ( Corporate News - 02-Feb-24   16:22 )
  Board of Paras Defence approves incorporation of an associate company
 ( Corporate News - 18-Oct-21   11:08 )
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